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The Cyclopedia of New Zealand [Otago & Southland Provincial Districts]

The Bank Of New South Wales

The Bank Of New South Wales was established in 1817, and has branches throughout New Zealand. The paid-up capital is £2,000 000, with a reserve fund of £1,315,000, and a reserve liability of proprietors of £2 000,000. The directors are: The Hon. Charles K. MacKellar, M.L.C., President; Hon. Sir Normand MacLaurin, M.L.C.; Hon. Reginald Black, M.L.C.; Senator James Thomas Walker; Mr. William Alfred Coffee, and Mr. Richard Binnie. The head office of the Bank is in Sydney, and Mr. John Russell French is the general manager. The Dunedin branch of this bank, in Princes Street, was established about the year 1861, simultaneously with the bank taking over the Oriental Banking Company's connection. The original office was opened in leasehold premises upon the site now occupied by the New Zealand Government Life Insurance office. The present building, erected in 1866, is built of stone. It has three stories, with a basement, a banking chamber, a manager's room, and inspector's room, as well as a private residence.